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Business Daily: Trading Down: the End of the Global Trade Boom

22/10/2013

Trading Down: the End of the Global Trade Boom

BBC World Service - Business Daily, Trading Down: the End of the Global Trade Boom

What are the future consequences of a long term down-turn in global trade?

The global trading boom, which has gone hand-in-hand with globalisation, is cooling. So what are the consequences for global growth?

The international trading boom which goes hand-in-hand with globalisation has been steadily cooling off since the financial crisis of 2008. The unprecedented post-war growth in trade and the increased integration of the world's economies has been one of the most powerful engines, driving, in particular, the emerging economies. So what does this current slump mean for the future? Are we experiencing a new norm? George Magnus, former chief economist at UBS and economic consultant thinks we may be. 

Elsewhere, in Hungary, a new housing project offers homes to the deeply indebted. And, Lucy Kellaway assesses the pros and cons of being on LinkedIn.

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